Commerce Secretary: Trump is ‘not going to back off’ on tariffs
- US and global markets fell sharply following President Trump's tariff announcement, with the Nasdaq Composite Index down nearly 5 percent by lunchtime on the same day.
- Commerce Secretary Howard Lutnick stated that there is little chance the administration will reconsider its trade policy.
- Trump's tariffs start at 10% for imports from countries like the United Kingdom and Brazil, escalating up to 46% for Vietnam and 49% for Cambodia.
- The White House dismissed concerns over the market reaction, with Press Secretary Karoline Leavitt urging Wall Street investors to 'trust in Trump.
13 Articles
13 Articles
Donald Trump May Shift Blame To This Man If Tariff Plan Backfires
Two days after US President Donald Trump announced reciprocal tariffs on almost all countries, including American allies, there's one question on everyone's mind: Whom it could go against, should the extreme measure fail to yield anticipated results? It could all be eventually parked at US Secretary of Commerce Howard Lutnick's door, Politico reported, citing multiple sources in the White House. If the tariffs cause economic damage, political …
Howard Lutnick Tells CNN There’s No ‘Chance’ Trump Is Going To ‘Back Off’ Tariffs
Commerce Secretary Howard Lutnick told CNN host Pamela Brown on Thursday that President Donald Trump will not rescind his tariffs until other countries make concessions. On Wednesday, Trump unveiled reciprocal tariffs on all foreign nations to address trade imbalances with the United States. Brown, on “The Situation Room,” repeatedly questioned Lutnick about what it would take for Trump […] Howard Lutnick Tells CNN There’s No ‘Chance’ Trump Is G…
‘Trump Is Not Going to Back Off', says US' Commerce Secretary as Tariffs Raise Alarm
U.S. Commerce Secretary Howard Lutnick has made it clear that President Donald Trump has no intention of reversing course on his recently announced tariffs, despite the market turmoil they have caused.“The president is not going to back off what he announced yesterday. He is not

Lutnick calls Australian biosecurity rules ‘nonsense’
As global markets roiled from the US president’s tariff overhaul, his commerce secretary said the time for negotiation was over and other countries had to “change their ways”.
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